UGAZ One Year Return vs. Net Asset
Based on the key profitability measurements obtained from UGAZ's financial statements, UGAZ may not be well positioned to generate adequate gross income at the present time. It has a very high likelihood of underperforming in May. Profitability indicators assess UGAZ's ability to earn profits and add value for shareholders.
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation.
For UGAZ profitability analysis, we use financial ratios and fundamental drivers that measure the ability of UGAZ to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well UGAZ utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between UGAZ's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of UGAZ over time as well as its relative position and ranking within its peers.
UGAZ |
The market value of UGAZ is measured differently than its book value, which is the value of UGAZ that is recorded on the company's balance sheet. Investors also form their own opinion of UGAZ's value that differs from its market value or its book value, called intrinsic value, which is UGAZ's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because UGAZ's market value can be influenced by many factors that don't directly affect UGAZ's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between UGAZ's value and its price as these two are different measures arrived at by different means. Investors typically determine if UGAZ is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, UGAZ's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
UGAZ Net Asset vs. One Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining UGAZ's current stock value. Our valuation model uses many indicators to compare UGAZ value to that of its competitors to determine the firm's financial worth. UGAZ is rated below average in one year return as compared to similar ETFs. It is rated below average in net asset as compared to similar ETFs . Comparative valuation analysis is a catch-all model that can be used if you cannot value UGAZ by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for UGAZ's Etf. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the UGAZ's earnings, one of the primary drivers of an investment's value.UGAZ Net Asset vs. One Year Return
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
UGAZ |
| = | (93.79) % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
UGAZ |
| = | 472.52 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
UGAZ Net Asset Comparison
UGAZ is rated below average in net asset as compared to similar ETFs.
UGAZ Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in UGAZ, profitability is also one of the essential criteria for including it into their portfolios because, without profit, UGAZ will eventually generate negative long term returns. The profitability progress is the general direction of UGAZ's change in net profit over the period of time. It can combine multiple indicators of UGAZ, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The investment seeks to replicate, net of expenses, three times the performance of the SP GSCI Natural Gas Index ER. VelocityShares is traded on PCX Exchange in the United States.
UGAZ Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on UGAZ. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of UGAZ position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the UGAZ's important profitability drivers and their relationship over time.
Use UGAZ in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if UGAZ position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in UGAZ will appreciate offsetting losses from the drop in the long position's value.UGAZ Pair Trading
UGAZ Pair Trading Analysis
The ability to find closely correlated positions to DaVita HealthCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace DaVita HealthCare when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back DaVita HealthCare - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling DaVita HealthCare Partners to buy it.
The correlation of DaVita HealthCare is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as DaVita HealthCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if DaVita HealthCare moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for DaVita HealthCare can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your UGAZ position
In addition to having UGAZ in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Recreation Thematic Idea Now
Recreation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
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Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any etf could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the UGAZ information on this page should be used as a complementary analysis to other UGAZ's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Tools for UGAZ Etf
When running UGAZ's price analysis, check to measure UGAZ's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy UGAZ is operating at the current time. Most of UGAZ's value examination focuses on studying past and present price action to predict the probability of UGAZ's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move UGAZ's price. Additionally, you may evaluate how the addition of UGAZ to your portfolios can decrease your overall portfolio volatility.
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